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Apr 6, 2017

04/06/2017: Half of all the venture capital goes to two places

Yesterday we were talking about how bank ethicists measure success (by boredom), today we’re looking at a way President Trump and Republicans could actually make banking a little more boring. Gary Cohn, one of Trump’s economic advisers, told Bloomberg he’d be OK with the financial sector going back to the days when investment banks did trading and underwriting of securities, and commercial banks did banking as the rest of us know it. We’ll talk about it, plus the unusual way Spotify could go public and injecting a little geographic diversity in the startup world.

Startup investors tend to back ventures similar to those that worked in the past, which often means pouring more money into the same old places.
Startup investors tend to back ventures similar to those that worked in the past, which often means pouring more money into the same old places.
MLADEN ANTONOV/AFP/Getty Images

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Yesterday we were talking about how bank ethicists measure success (by boredom), today we’re looking at a way President Trump and Republicans could actually make banking a little more boring. Gary Cohn, one of Trump’s economic advisers, told Bloomberg he’d be OK with the financial sector going back to the days when investment banks did trading and underwriting of securities, and commercial banks did banking as the rest of us know it. We’ll talk about it, plus the unusual way Spotify could go public and injecting a little geographic diversity in the startup world.

04/06/2017: Half of all the venture capital goes to two places